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Innospec launches $20-million share buyback

1:03 PM MDT | May 12, 2014 | Vincent Valk

Innospec today announced plans to launch a share buyback worth up to $20 million, which will occur on the open market and does not have an end date. "Having instituted a regular dividend, we believe the time is right to also launch a buyback program to, among other things, reduce the effects of dilution on shareholders' equity from options and other equity-based awards,” says Innospec president and CEO Patrick Williams. Innospec has about 24.4 million shares outstanding. Shares in the company closed at $41.92 in relatively light trading on Friday, 9...

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